NAB Credit Cards

Information correct at 12/09/2016.
NAB is a provider of credit cards, credit card insurance, home loans and personal loans, bank accounts, investment products, superannuation funds, home insurance, life insurance, car insurance, travel insurance, travel money, and more.

“More than money.”

Types of NAB Credit Cards

There are 8 different types of NAB credit card on CANSTAR’s database:

 

 

 

NAB bank Outstanding Value winner

NAB Velocity Rewards Premium Card
NAB Velocity Rewards Card
NAB Qantas Rewards Premium Card
NAB Qantas Rewards Card
NAB Flybuys Rewards Card
NAB Premium Card
NAB Low Fee Card
NAB Low Rate Card
NAB Velocity Rewards Premium Card

At the time of writing, sign-up bonuses apply to certain cards. For example, with the NAB Qantas Rewards Premium Card, you can earn 20,000 bonus Qantas Points when you make an everyday purchase within 90 days of obtaining the card.

All NAB credit cards come with the following benefits:

  • Security: Card is protected by NAB Defence against fraudulent transactions, and if fraud occurs NAB will refund your money. Card is also protected by Verified by Visa and American Express SafeKey to reduce online fraud.
  • Additional cardholders: Add one additional cardholder at no extra cost.
  • Emergency card replacement: 24/7 emergency assistance if your card is lost or stolen.
  • Contactless payments: Make payments under $100 by tapping your credit card.
  • Online: Card can be managed through online banking and mobile app.

The inclusions mentioned represent a selection of what is covered at the time of writing. Additional terms and conditions may apply to different features. Additional fees may apply to the product. CANSTAR is not making any suggestion or recommendation to you about this product. Please ensure that you read the product disclosure statement to determine all the current options and inclusions for the product you are considering.

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NAB Velocity Rewards Premium Card
Velocity Rewards Premium

Features

  • Card type: American Express and VISA
  • Minimum credit limit: $6,000
  • Rewards program:
    • Reward Points: Earn 1.5 Velocity Points for every dollar spent on AMEX; earn 0.5 Velocity Points for every dollar spent on VISA. Points are redeemable for flights, products, and gift cards.
    • Concierge: 24/7 personal concierge available worldwide.
    • Exclusive offers: American Express Connect or VISA Front Line Access rewards programs offer exclusive travel, dining, and shopping experiences.
  • Insurance (complimentary):
    • Overseas Travel Insurance when you spend at least $500 of your prepaid transport, accommodation, or tour costs with the card.
    • Transport Accident Insurance when you pay for your transport with the card.
    • Interstate Flight Inconvenience Insurance when you pay for your return flights with the card.
    • Domestic Hotel Burglary Insurance when you pay or secure your hotel accommodation costs with the card.
    • Extended Warranty Insurance extends the manufacturer’s Australian warranty on new domestic appliances, for up to an additional 12 months.
    • Price Protection Insurance to claim the difference in cost if you find the same product advertised for a lower price.
    • Purchase Protection Insurance for items lost, stolen, or accidentally damaged within 3 months of purchase.

Rates and Fees

  • Interest rate on purchases: 0% for first 15 months, afterwards 19.99% p.a.
  • Interest free days: Up to 44 days if balance paid in full every month
  • Cash advance rate: 74% p.a.
  • Cash advance fee: Greater of 2% or $2.50
  • Balance transfer rate: 0% for first 15 months (afterwards reverts to 19.99% a.)
  • Balance transfer fee: 2% of balance transfer amount
  • Annual fee: $150
  • Minimum monthly repayment: Greater of 2% of balance or $25
  • Payment handling fee: $0
  • International fees: 3% fee on all purchases and cash advances overseas, plus 2% or $2.50 cash advance fee overseas
  • Paper statement fee: $7
  • Late fee for overdue minimum payment: $9
  • Over-the-limit fee: $0
  • Dishonour fee: $0

Compare Frequent Flyer Credit Cards

NAB Velocity Rewards Card

Velocity Rewards

Features

  • Card type: American Express and VISA
  • Minimum credit limit: $500
  • Rewards program:
    • Reward Points: Earn 1 Velocity Points for every dollar spent on AMEX; earn 0.5 Velocity Points for every dollar spent on VISA. Points are redeemable for flights, products, and gift cards.
    • Exclusive offers: American Express Connect or VISA Entertainment rewards programs offer exclusive travel, dining, and shopping experiences.
  • Insurance: Complimentary Purchase Protection Insurance for items lost, stolen, or accidentally damaged within 3 months of purchase.

Rates and Fees

  • Interest rate on purchases: 0% for first 15 months, afterwards 19.99% p.a.
  • Interest free days: Up to 44 days if balance paid in full every month
  • Cash advance rate: 74% p.a.
  • Cash advance fee: Greater of 2% or $2.50
  • Balance transfer rate: 0% for first 15 months (afterwards reverts to 19.99% a.)
  • Balance transfer fee: 2% of balance transfer amount
  • Annual fee: $95
  • Minimum monthly repayment: Greater of 2% of balance or $25
  • Payment handling fee: $0
  • International fees: 3% fee on all purchases and cash advances overseas, plus 2% or $2.50 cash advance fee overseas
  • Paper statement fee: $7
  • Late fee for overdue minimum payment: $9
  • Over-the-limit fee: $0
  • Dishonour fee: $0

Compare Rewards Credit Cards

NAB Qantas Rewards Premium Card

QANTAS

Features

  • Card type: American Express and VISA
  • Minimum credit limit: $6,000
  • Rewards program:
    • Reward Points: Earn 1.5 Qantas Points for every dollar spent on AMEX; earn 0.5 Qantas Points for every dollar spent on VISA. Points are redeemable for flights, products, and gift cards.
    • Concierge: 24/7 personal concierge available worldwide.
    • Exclusive offers: American Express Connect or VISA Front Line Access rewards programs offer exclusive travel, dining, and shopping experiences.
  • Insurance (complimentary):
    • Overseas Travel Insurance when you spend at least $500 of your prepaid transport, accommodation, or tour costs with the card.
    • Transport Accident Insurance when you pay for your transport with the card.
    • Interstate Flight Inconvenience Insurance when you pay for your return flights with the card.
    • Domestic Hotel Burglary Insurance when you pay or secure your hotel accommodation costs with the card.
    • Extended Warranty Insurance extends the manufacturer’s Australian warranty on new domestic appliances, for up to an additional 12 months.
    • Price Protection Insurance to claim the difference in cost if you find the same product advertised for a lower price.
    • Purchase Protection Insurance for items lost, stolen, or accidentally damaged within 3 months of purchase.

Rates and Fees

  • Interest rate on purchases: 0% for first 15 months, afterwards 19.99% p.a.
  • Interest free days: Up to 44 days if balance paid in full every month
  • Cash advance rate: 74% p.a.
  • Cash advance fee: Greater of 2% or $2.50
  • Balance transfer rate: 0% for first 15 months (afterwards reverts to 19.99% a.)
  • Balance transfer fee: 2% of balance transfer amount
  • Annual fee: $250
  • Minimum monthly repayment: Greater of 2% of balance or $25
  • Payment handling fee: $0
  • International fees: 3% fee on all purchases and cash advances overseas, plus 2% or $2.50 cash advance fee overseas
  • Paper statement fee: $7
  • Late fee for overdue minimum payment: $9
  • Over-the-limit fee: $0
  • Dishonour fee: $0

NAB Qantas Rewards Card

QANTAS Rewards

Features

  • Card type: American Express and MasterCard
  • Minimum credit limit: $500
  • Rewards program:
    • Reward Points: Earn 1 Qantas Point for every dollar spent on AMEX; earn 0.5 Qantas Points for every dollar spent on VISA. Points are redeemable for flights, products, and gift cards.
    • Exclusive offers: American Express Connect or MasterCard Priceless Cities rewards programs offer exclusive experiences.
  • Insurance: Complimentary Purchase Protection Insurance for items lost, stolen, or accidentally damaged within 3 months of purchase.

Rates and Fees

  • Interest rate on purchases: 0% for first 15 months, afterwards 19.99% p.a.
  • Interest free days: Up to 44 days if balance paid in full every month
  • Cash advance rate: 74% p.a.
  • Cash advance fee: Greater of 2% or $2.50
  • Balance transfer rate: 0% for first 15 months (afterwards reverts to 19.99% a.)
  • Balance transfer fee: 2% of balance transfer amount
  • Annual fee: $95
  • Minimum monthly repayment: Greater of 2% of balance or $25
  • Payment handling fee: $0
  • International fees: 3% fee on all purchases and cash advances overseas, plus 2% or $2.50 cash advance fee overseas
  • Paper statement fee: $7
  • Late fee for overdue minimum payment: $9
  • Over-the-limit fee: $0
  • Dishonour fee: $0

Compare Rewards Credit Cards

NAB flybuys Rewards Card

Flybuys

Features

  • Card type: VISA
  • Minimum credit limit: $6,000
  • Rewards program:
    • Reward Points: Earn 1 flybuys points for every dollar spent. Points are redeemable for flights, products, and gift cards.
    • Concierge: 24/7 personal concierge available worldwide.
    • Exclusive offers: VISA Front Line Access rewards program offers exclusive event tickets.
  • Insurance (complimentary):
    • Overseas Travel Insurance when you spend at least $500 of your prepaid transport, accommodation, or tour costs with the card.
    • Transport Accident Insurance when you pay for your transport with the card.
    • Interstate Flight Inconvenience Insurance when you pay for your return flights with the card.
    • Domestic Hotel Burglary Insurance when you pay or secure your hotel accommodation costs with the card.
    • Extended Warranty Insurance extends the manufacturer’s Australian warranty on new domestic appliances, for up to an additional 12 months.
    • Price Protection Insurance to claim the difference in cost if you find the same product advertised for a lower price.
    • Purchase Protection Insurance for items lost, stolen, or accidentally damaged within 3 months of purchase.

Rates and Fees

  • Interest rate on purchases: 0% for first 15 months, afterwards 19.99% p.a.
  • Interest free days: Up to 44 days if balance paid in full every month
  • Cash advance rate: 74% p.a.
  • Cash advance fee: Greater of 2% or $2.50
  • Balance transfer rate: 0% for first 15 months (afterwards reverts to 19.99% a.)
  • Balance transfer fee: 2% of balance transfer amount
  • Annual fee: $95
  • Minimum monthly repayment: Greater of 2% of balance or $25
  • Payment handling fee: $0
  • International fees: 3% fee on all purchases and cash advances overseas, plus 2% or $2.50 cash advance fee overseas
  • Paper statement fee: $7
  • Late fee for overdue minimum payment: $9
  • Over-the-limit fee: $0
  • Dishonour fee: $0

Compare Frequent Flyer Credit Cards

NAB Premium Card

Premium Card

Features

  • Card type: VISA
  • Minimum credit limit: $6,000
  • Rewards program:
    • Concierge: 24/7 personal concierge available worldwide.
    • Exclusive offers: VISA Front Line Access rewards program offers pre-sale access to event tickets.
  • Insurance (complimentary):
    • Overseas Travel Insurance when you spend at least $500 of your prepaid transport, accommodation, or tour costs with the card.
    • Transport Accident Insurance when you pay for your transport with the card.
    • Interstate Flight Inconvenience Insurance when you pay for your return flights with the card.
    • Domestic Hotel Burglary Insurance when you pay or secure your hotel accommodation costs with the card.
    • Extended Warranty Insurance extends the manufacturer’s Australian warranty on new domestic appliances, for up to an additional 12 months.
    • Price Protection Insurance to claim the difference in cost if you find the same product advertised for a lower price.
    • Purchase Protection Insurance for items lost, stolen, or accidentally damaged within 3 months of purchase.

Rates and Fees

  • Interest rate on purchases: 0% for first 15 months, afterwards 19.74% p.a.
  • Interest free days: Up to 44 days if balance paid in full every month
  • Cash advance rate: 74% p.a.
  • Cash advance fee: Greater of 2% or $2.50
  • Balance transfer rate: 0% for first 15 months (afterwards reverts to 19.74% a.)
  • Balance transfer fee: 2% of balance transfer amount
  • Annual fee: $90
  • Minimum monthly repayment: Greater of 2% of balance or $25
  • Payment handling fee: $0
  • International fees: 3% fee on all purchases and cash advances overseas, plus 2% or $2.50 cash advance fee overseas
  • Paper statement fee: $7
  • Late fee for overdue minimum payment: $9
  • Over-the-limit fee: $0
  • Dishonour fee: $0

Source: nab

Compare Premium Credit Cards

NAB Low Fee Card

Low fee card

Features

  • Card type: VISA
  • Minimum credit limit: $500
  • Exclusive offers: VISA Entertainment rewards program offers special deals on shows, events, movies, and experiences.
  • Insurance: Complimentary Purchase Protection Insurance for items lost, stolen, or accidentally damaged within 3 months of purchase.

Rates and Fees

  • Interest rate on purchases: 0% for first 15 months, afterwards 19.74% p.a.
  • Interest free days: Up to 44 days if balance paid in full every month
  • Cash advance rate: 74% p.a.
  • Cash advance fee: Greater of 2% or $2.50
  • Balance transfer rate: 0% for first 15 months (afterwards reverts to 19.74% a.)
  • Balance transfer fee: 2% of balance transfer amount
  • Annual fee: $30
  • Minimum monthly repayment: Greater of 2% of balance or $25
  • Payment handling fee: $0
  • International fees: 3% fee on all purchases and cash advances overseas, plus 2% or $2.50 cash advance fee overseas
  • Paper statement fee: $7
  • Late fee for overdue minimum payment: $9
  • Over-the-limit fee: $0
  • Dishonour fee: $0

Compare Low Fee Credit Cards

NAB Low Rate Card

Low rate card

Features

  • Card type: VISA
  • Minimum credit limit: $500
  • Exclusive offers: VISA Entertainment rewards program offers special deals on shows, events, movies, and experiences.

Rates and Fees

  • Interest rate on purchases: 0% for first 15 months, afterwards 13.99% p.a.
  • Interest free days: Up to 55 days if balance paid in full every month
  • Cash advance rate: 74% p.a.
  • Cash advance fee: Greater of 2% or $2.50
  • Balance transfer rate: 0% for first 15 months (afterwards reverts to 19.74% a.)
  • Balance transfer fee: 2% of balance transfer amount
  • Annual fee: $59
  • Minimum monthly repayment: Greater of 2% of balance or $25
  • Payment handling fee: $0
  • International fees: 3% fee on all purchases and cash advances overseas, plus 2% or $2.50 cash advance fee overseas
  • Paper statement fee: $7
  • Late fee for overdue minimum payment: $9
  • Over-the-limit fee: $0
  • Dishonour fee: $0

Compare Low Rate Credit Cards

Eligibility to apply for NAB Credit Cards

To apply for any of the NAB credit card products, you must be able to satisfy the following criteria:

  • At least 18 years old.
  • Permanent Australian resident.
  • Good credit rating.
  • If self-employed, you will need your accountant’s phone number.

CANSTAR provides an information service. It is not a credit provider, and in giving you information about credit products CANSTAR is not making any suggestion or recommendation to you about a particular credit product.

If you decide to apply for a credit card you will deal directly with the financial institution, and not with CANSTAR. Rates and product information should be confirmed with the relevant financial institution. For more information, read our detailed disclosure, important notes, and additional information.

About NAB

About NAB

NAB was founded in 1981 and is one of the big four banks in Australia. They serve over 12.7 million customers worldwide and employ over 42,000 people.

NAB works hard to meet its corporate responsibility¬†, and gives annual community grants to support community and charitable organisations making a positive impact. Through the Start Counting program, NAB is empowering women to improve their financial literacy and develop strong money habits. They also intentionally invest in young entrepreneurs through the $20 Boss project, Work Inspiration and High Resolves, and sponsoring the Alannah and Madeline Foundation since 2003 to prevent bullying. Through the NAB Foundation, NAB has donated millions to many Australian mental health organisations such as The Black Dog Institute, Smiling Minds, and STREAT. You can read more about NAB’s work including microfinance projects, sports sponsorship, and volunteering and giving in the 2015 Dig Deeper report.

As for protecting the environment¬†, NAB was leader of the pack as Australia’s first carbon neutral bank. They have also invested $1.8 billion over the last 8 years for financing renewable energy and natural resources. They also work hard to conserve water and other scarce resources, and to reduce waste, with 75% less going to landfill now than in 2013.

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Written by: TJ Ryan